They might find the stock analysis feature more important than an inactivity fee. Investors may find the inactivity fee more important than a stock analysis feature.įor traders, a low brokerage fee and advanced features are key. They may only buy and sell a few times in a year. Investors use the “buy and hold” strategy by targeting quality companies they think will rise over a long time frame and possibly offer dividends. Traders try to make money from stock price movements by buying and selling stocks frequently – often several times in a day or week. The best share trading app for you could be one that offers low brokerage for high-frequency trading and an extensive range of trading features, such as charting tools and order options. If you intend to buy and sell stocks multiple times in a day, you’re an active trader. You may want to avoid brokers that have an inactivity fee or charge higher broker fees for less frequent trades. If you buy or sell stocks once or twice a month (or even less), you’re a casual investor. From the ease of use of the system through to the market research information available, it’s important that the platform complements your trading needs.Īsk yourself the following questions to figure out your trading style: How often will I trade? The category you fall into will influence the features you’re looking for in the best stock trading app for you. For example, there are casual traders, active traders and long-term investors. Once you know which category you fall into, you’ll be able to more easily pick the right trading account for you. There are many different kinds of share traders. For example, you could have 1 app to trade US stocks, 1 for European stocks and another for currency markets. It may even save money to have more than 1 platform. In fact, recent Finder research found that the average stock trader could save approximately US$1,048 in brokerage fees a year by switching to a more suitable trading account (calculated on 7 trades per month of US$1,000). The fees can also change depending on how often you trade in a month, a quarter or a year. Meanwhile, somebody that wants to invest in stocks and ETFs may have no interest in currencies trading or international markets.
#Best stock trading apps professional#
The best stock trading app in New Zealand for beginners is going to be very different from a platform that suits active or professional traders. With dozens of brokers in New Zealand, it’s not easy to work out which is the best stock trading app for you. We’ll take a look at these share trading apps in more detail in this guide. The list itself was sourced from Sensor Tower and Google Play rankings, and is not in any particular order.
#Best stock trading apps android#
The list of apps featured is the most popular share trading apps in terms of daily downloads by Kiwi iPhone and Android users as of 13 July 2022. So to make it easier, we’ve sourced a list of the most popular mobile apps for stock trading available in New Zealand in 2022. Not all online brokers in New Zealand have a mobile version of their platform and some mobile trading apps don’t offer desktop access. Stock trading apps allow you to trade shares directly on New Zealand’s Exchange (NZX) and other international markets through your smartphone. Thanks to the growing number of stock trading apps, investors in New Zealand can find the best share trading app for themselves and invest from anywhere there’s an Internet connection. These days you don’t need to be sitting at a desk to buy and sell stocks.